1. Well this year should be interesting.

    16 January 2015

    There’s quite a bit going on over the next few months in the property market.
    Nationally we have a new property website launching this month called Onthemarket.
    This is a mutual enterprise, meaning that each member agent has a say in the content rather than the sites we use now whose look is dictated by the companies that run them. They can often display inaccurate information, especially when it comes to computer generated valuation models
    The idea is sensible. Agents using Onthemarket must have a bona fide office. This will, in our opinion, be good for the housing market and good for the customer. It will not be available to “online only ” agents
    Having been involved in this business for nearly forty years we think it is essential, in order to provide a full service, to have local staff, local knowledge and a local presence. Valuation is learned by training and experience on a street by street , town by town basis. A computer can’t see the house or sort your problems out. It can’t negotiate for you.
    Many of our sales involve accompanied viewings, regular visits to ensure that houses are secure. Rentals are very personal. We like to see prospective tenants, inspect rental properties to ensure they are of good quality and talk to our customers. Online agents can’t do that.
    To use an analogy you can buy a flight ticket online but you need a pilot and aircrew to do the important stuff!
    In April we see the rules on pensions changing. This will have a major effect on the market with numbers of policyholders able to draw cash from their schemes and look at buy to let opportunities rather than annuities. Add this to the changes in stamp duty announced recently and you can see why there will be an upward trend in demand and prices.
    The North should benefit from these changes more than the South as returns on investment will arguably be better.
    Locally we have a lot happening in Cramlington. We have the new hospital, better road connections, a possible expansion of the Manor Walks shopping centre and a few new housing estates in the offing. The controversial development to the north of Station Road looks like it is going to happen, the Parkside School site is under construction, the Bett Homes site on Beaconhill may start and an application to develop land near the hospital is likely to be submitted. Lots of new houses to tempt you.
    That’s quite a bit to be getting on with from our point of view.
    At Renown we are steeped in Cramlington housing. Our reputation is our strength, our depth of knowledge is unique and our ability to help you is at hand. Whether you need advice on selling, buying, investing, developing or renting just call us or drop into our office.


  2. Tell you what…New houses are getting smaller.

    2 January 2015

    Looking at a builder’s house layout and artists impression earlier today. They do rather stretch things. Have you noticed?

    A  ( quite compact)  detached house appears to be absolutely massive. The equivalent room sizes given bear no relation whatsoever to the images shown.

    I would suggest that you measure the gross internal size of your own house and then compare this with the new one before you get excited.

    Just measure back to front, side to side and multiply by the number of floors. You may get a surprise.


  3. Secret Agent… Phil’s the man.



    It always amazes me that the owners picked for this show don’t actually know why their houses aren’t selling.

    We had Phil at a couple of places in last night’s show. Both were very badly presented, totally cluttered, garishly decorated, needed new carpets, etc etc..

    The guy in one of the properties couldn’t see the problem at all. He didn’t have a proper front door, he had a sliding patio version and a burgundy toilet. It was straight from the seventies. You could have filmed George and Mildred in it quite easily.

    The other family were nice people but had no idea. “We like bold colours!”

    Well no one else does.

    These properties were obviously on the market with estate agents. Why didn’t..

    A. They ask the agents what was wrong.

    B. The agents tell them what was wrong.

    The problem may be that the agent doesn’t want to upset the client by being honest.

    It’s much easier with a camera crew standing behind you.

    I’ve been asked to leave a property in the past by an owner who didn’t take kindly to being told that their house wreaked of cigarettes, cats and dogs, or suggested a mini makeover to assist a sale. I was only trying to help!

    On the other hand there are those who take the advice in good heart and are grateful for the help.

    I’ve lost count of the sales we’ve managed to acheive ( after other agents have failed  to sell ) by making a few tweaks here and there  and re-marketing with new, well taken photos.

    Mind you even if the house is a total hole it will still sell but how much you get for it is another matter.

     

     

     


  4. I love it when this happens.

    23 December 2014

    Just sold a house for £68,000 that another agent valued at £50,000.

    Happy client.

    Happy agent.

    Oh…. our fee was lower too.

    Marvellous.


  5. Interesting statistic.

    20 December 2014

    Looking at an online property research tool this morning.

    According to their figures we are the agent ( of eighteen local offices ) with the smallest percentage of sales that have fallen through recently.

    Thats 0%.

    Impressive.


  6. When will prices start to rise?

    13 December 2014

    The answer to that may be ” after we’ve bought one”. Well that would be mine if was a first time buyer. The answer is…. Quite soon…. The changes in stamp duty will certainly make a difference and in Cramlington the signs are already here….
    Not much on the market. Renewed confidence. More shopping. New hospital. Improved road connections and a lot more besides.
    The new Parkside school development has been advertised by Taylor Wimpey ( who are not quoting prices ).
    Clever…. They will be gauging interest in the site before setting prices and they won’t be cheap.
    The more hits they get on the web site then the higher the prices may be.
    They aren’t building many and If it’s over subscribed they can push things up a bit.
    It’s your move.
    Need any help or advice? Our number is 01670 730073.


  7. Hospital Radio… tune in…

    8 December 2014

    BBC Radio Newcastle are doing a feature  just after 8 tomorrow morning  and have asked us to comment on the impact that the new hospital is expected to have on Cramlington property values. Tune in if you are up! 95.4 FM


  8. You can’t rely on these online tools

    5 December 2014

    Looking at a couple of well known property websites offering valuation models of a particular 2 bed house in Cramlington. What a difference!
    No names here but there was near enough a £20,000 difference.
    These sites put themselves forward as accurate models but fall far short of the mark.
    No substitute for local knowledge.
    That’s why we are here.


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